Arizona Governor Katie Hobbs Vetoes Strategic Bitcoin Reserve Bill SB1025; Senator Wendy Rogers Plans to Refile

Arizona Governor Katie Hobbs vetoed 23 out of 57 bills during the current legislative session, including the Strategic Bitcoin Reserve Bill (SB1025), which would have allowed the state to hold Bitcoin as part of its official reserves. In her veto statement, Hobbs described Bitcoin as an “untested investment.” The bill was among three related to cryptocurrency investments pending on her desk. Following the veto, Arizona Senator Wendy Rogers announced her intention to refile the Strategic Bitcoin Reserve Bill in the next legislative session, emphasizing that “Arizona needs Bitcoin, not the other way around.” Rogers has been a vocal proponent of the bill, advocating for the state treasurer to invest in Bitcoin or crypto-related exchange-traded funds (ETFs). This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io